OPEC+ rebuffs U.S. calls for speedier oil output increases

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Reuters

By Alex Lawler, Ahmad Ghaddar and Olesya Astakhova LONDON (Reuters) -OPEC and its allies agreed at a meeting on Thursday to stick to plans to raise oil output by 400,000 barrels per day (bpd) from December, despite calls from the United States for extra supply to cool rising prices. The White House said Washington would consider a full range of tools at its disposal to guarantee access to affordable energy. All oil producers suffered a drop in income during the COVID-19 pandemic and as demand recovers with the global economy it has allowed them to rebuild their balance sheets. OPEC+ supply res…

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